M&A Deal Summary

Martin Marietta Acquires Texas Industries

On July 2, 2014, Martin Marietta acquired building materials company Texas Industries for 3.0B USD

Acquisition Highlights
  • This is Martin Marietta’s 2nd transaction in the Building Materials sector.
  • This is Martin Marietta’s largest (disclosed) transaction.
  • This is Martin Marietta’s 2nd transaction in the United States.
  • This is Martin Marietta’s 1st transaction in Texas.

M&A Deal Summary
Date 2014-07-02
Target Texas Industries
Sector Building Materials
Buyer(s) Martin Marietta
Deal Type Add-on Acquisition
Deal Value 3.0B USD
Advisor(s) Citigroup Investment Banking (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

Texas Industries

Dallas, Texas, United States
website
Texas Industries, Inc. is a supplier of construction materials in the southwestern United States. The Company operates in three segments: cement, aggregates and consumer products.

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Buyer(S) 1

Buyer

Martin Marietta

Raleigh, North Carolina, United States

website

Category Company
Founded 1939
Sector Building Materials
Employees9,400
Revenue 6.2B USD (2022)
DESCRIPTION
Entrance to Martin Marietta's corporate headquarters in Raleigh, North Carolina.
Entrance to Martin Marietta's corporate headquarters in Raleigh, North Carolina.

Martin Marietta is a producer of construction aggregates and a producer of magnesia-based chemicals and dolomitic lime. Martin Marietta was formed in 1993 and is based in Raleigh, North Carolina.

DEAL STATS #
Overall 2 of 5
Sector (Building Materials) 2 of 4
Type (Add-on Acquisition) 1 of 3
State (Texas) 1 of 2
Country (United States) 2 of 5
Year (2014) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-15 Three Quarries and Granite Canyon

United States

The quarry operations are located at Fort Calhoun, Nebraska; Guernsey, Wyoming; and Milford, Utah. Guernsey and Milford are rail-connected quarries while Fort Calhoun ships material via barge on the Missouri River in addition to its local and long-haul truck market in Nebraska. The 49% interest purchased relates to the Granite Canyon, Wyoming, quarry where Martin Marietta is the operating manager.

Buy $65M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-26 Bluegrass Materials Company

Jacksonville, Florida, United States

Bluegrass Materials Company LLC is a manufacturer and distributor of aggregates and concrete blocks. Bluegrass Materials Company LLC was founded in 2010 and is based in Jacksonville, Florida.

Buy $1.6B
Mergr

Product

Company

Legal